Former dowtown home of IRS for sale

Former dowtown home of IRS for sale

By Jerry Siebenmark
The Wichita Eagle

lmost six months after the IRS and a number of other federal agencies moved out of a six-story, 94,000-square-foot building downtown, its owners are putting the building up for sale.

Built in 1993, the building at 271 W. Third is listed at $6.9 million. Its owner is Dominion Leasing Investments of Guthrie, Okla.

The IRS, which leased about 33,000 square feet of the building, moved in August along with Immigration and Customs Enforcement to 555 N. Woodlawn.

About nine other federal agencies also moved out of the building. A General Services Administration spokeswoman said in an earlier story in The Eagle that the IRS had the lease at the building but had returned some of the space to the GSA, which it “back filled” with other federal agencies. That was the why so many tenants left the building about the same time, as the lease was expiring.

Marlin Penner of John T. Arnold Associates Commercial Real Estate, who is representing Dominion in the sale, said the building owners “have given us tremendous flexibility in the way a sale can be structured.”

That includes owner financing, fractional ownership and a willingness to remodel the building as a condition of its sale, Penner said.

“We already have one, single user looking at it and a single investor looking at it,” he said.

He said the building offers Class A office space and features a recessed loading dock – and two jail cells.

Jeff Fluhr, president of Wichita Downtown Development Corp., said the building is in an “excellent location” near City Hall, Sedgwick County Courthouse and the Epic Center.

Fluhr said “a strengthening desire to be in the city’s core” by both companies and their employees should benefit the effort to market the building.